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SH 30 minutes swinging yorker method - Nifty (Alchemist) |
sai24
White Belt
Joined: 13 May 2015
Posts: 5
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Post: #301  Posted: Sat Jun 06, 2015 3:43 pm Post subject: |
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| Alchemist wrote: | As expected...the positive divergence on rsi kicked in a rally to touch 34 ema allowing me to exit the shorted puts.
Nifty reversed from 34 ema, just a few points away from triggering the tsl...and closed at almost day's lows.
NF Yorker shorts again in 200 points profit and not oversold anymore based on Rsi so shorts held without any hedge.
If nifty falls more and becomes oversold again..I will again sell some atm or otm puts.
Cheers
SH |
Thank you for your guidance and support.
In which timeframe we should look for oversold Rsi? |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #302 Posted: Sat Jun 06, 2015 6:39 pm Post subject: |
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| Alchemist wrote: | As expected...the positive divergence on rsi kicked in a rally to touch 34 ema allowing me to exit the shorted puts.
Nifty reversed from 34 ema, just a few points away from triggering the tsl...and closed at almost day's lows.
NF Yorker shorts again in 200 points profit and not oversold anymore based on Rsi so shorts held without any hedge.
If nifty falls more and becomes oversold again..I will again sell some atm or otm puts.
Cheers
SH |
Since puts were also taken at 8315 level, there would have been a price differential at square off (around 8115 or 8192). U have reinterred futures shorts or previous shorts were not squared off at all.?? For instance Sumesh had remarked square off only above that time 8210 level which was not touched .???
The objective of question is knowing futures should be booked at profit of 160 points say 2 percent or just hedge taken after this profit level. Let me go thru the chart once again ..... |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #303 Posted: Sun Jun 07, 2015 4:28 am Post subject: |
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| sai24 wrote: | | Alchemist wrote: | As expected...the positive divergence on rsi kicked in a rally to touch 34 ema allowing me to exit the shorted puts.
Nifty reversed from 34 ema, just a few points away from triggering the tsl...and closed at almost day's lows.
NF Yorker shorts again in 200 points profit and not oversold anymore based on Rsi so shorts held without any hedge.
If nifty falls more and becomes oversold again..I will again sell some atm or otm puts.
Cheers
SH |
Thank you for your guidance and support.
In which timeframe we should look for oversold Rsi? |
For this strategy ...I am following 30 minutes TF hence RSI and 34 EMA of 30 minutes nifty spot charts.
Cheers
SH |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #304 Posted: Sun Jun 07, 2015 4:38 am Post subject: |
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Nifty continues to fall and yorker shorts are in around 275 points profit.
RSI has hit 30 levels again so sold 8000 PEs at 115 to hedge again. PEs to be booked at 34 EMA kiss.
Cheers
SH |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #305 Posted: Tue Jun 09, 2015 8:50 pm Post subject: |
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| Alchemist wrote: | Nifty continues to fall and yorker shorts are in around 275 points profit.
RSI has hit 30 levels again so sold 8000 PEs at 115 to hedge again. PEs to be booked at 34 EMA kiss.
Cheers
SH |
No change in positions or game plan today.. yorker shorts in 300 points profit now.
Cheers
SH |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #306 Posted: Tue Jun 09, 2015 9:00 pm Post subject: |
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Partial profits would rationally have been taken earlier and puts were sold at more than 100 nifty points differential loss I guess
Great strategy but wonder which follower achieved the maths. Learning process for us.
Thanks for sharing wonderful strategy. As mentioned earlier by me, for me optons game is still the joker since the hedge can kill the futures profits on a sharp reversal over longer time frame since markets mostly sideways over longer term. I may be unclear in explanation. |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #307 Posted: Wed Jun 10, 2015 3:38 am Post subject: |
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Dear Amitagg - the day you start trading in actual world using this strategy, that day you will understand the maths. Till then, keep learning.
Cheers
SH |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #308 Posted: Wed Jun 10, 2015 12:47 pm Post subject: |
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| Alchemist wrote: | Dear Amitagg - the day you start trading in actual world using this strategy, that day you will understand the maths. Till then, keep learning.
Cheers
SH |
Good suggestion . Lack trading skills to derive full potential of the strategy. Wanted some more explanation and would go for it...... still unclear of the option angle since it has not been summarised in the thread as for entry and exit rules for futures yet shall see what comes about.... |
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hmpatil
White Belt
Joined: 15 Jun 2011
Posts: 59
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| Post: #309 Posted: Wed Jun 10, 2015 5:53 pm Post subject: |
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| Alchemist wrote: | | Alchemist wrote: | Nifty continues to fall and yorker shorts are in around 275 points profit.
RSI has hit 30 levels again so sold 8000 PEs at 115 to hedge again. PEs to be booked at 34 EMA kiss.
Cheers
SH |
No change in positions or game plan today.. yorker shorts in 300 points profit now.
Cheers
SH |
Alc sir one suggestion . Can we continue with sold put after 34cross over ? since we are in profit why not trail it further till cross over from above to gain maximum from it? |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #310 Posted: Wed Jun 10, 2015 10:51 pm Post subject: |
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| Alchemist wrote: | | Alchemist wrote: | Nifty continues to fall and yorker shorts are in around 275 points profit.
RSI has hit 30 levels again so sold 8000 PEs at 115 to hedge again. PEs to be booked at 34 EMA kiss.
Cheers
SH |
No change in positions or game plan today.. yorker shorts in 300 points profit now.
Cheers
SH |
Day started with 34 EMA touch within first 30 minutes... booked shorted puts at 75 and made 40 points profit, this offset most the loss I had made on shorted 8250 PEs initially.
Later in the day we had 5/34 bullish cross and highs taken out around 8112 NS so booked all NF shorts too with 200 odd points profit.
Now wait for 5/34 bearish cross to open fresh shorts or 5/200 bullish yorker for longs.
Cheers
SH |
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ajit602
White Belt
Joined: 11 Sep 2012
Posts: 370
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| Post: #311 Posted: Thu Jun 11, 2015 11:34 am Post subject: |
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| 5ema&34ema bearish cross low 8029. Sell below this. Am I correct? |
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ajit602
White Belt
Joined: 11 Sep 2012
Posts: 370
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| Post: #312 Posted: Thu Jun 11, 2015 3:13 pm Post subject: |
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| Any body sold future or not. |
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Alchemist
Yellow Belt
Joined: 09 Aug 2010
Posts: 853
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| Post: #313 Posted: Thu Jun 11, 2015 10:05 pm Post subject: |
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| Alchemist wrote: | | Alchemist wrote: | | Alchemist wrote: | Nifty continues to fall and yorker shorts are in around 275 points profit.
RSI has hit 30 levels again so sold 8000 PEs at 115 to hedge again. PEs to be booked at 34 EMA kiss.
Cheers
SH |
No change in positions or game plan today.. yorker shorts in 300 points profit now.
Cheers
SH |
Day started with 34 EMA touch within first 30 minutes... booked shorted puts at 75 and made 40 points profit, this offset most the loss I had made on shorted 8250 PEs initially.
Later in the day we had 5/34 bullish cross and highs taken out around 8112 NS so booked all NF shorts too with 200 odd points profit.
Now wait for 5/34 bearish cross to open fresh shorts or 5/200 bullish yorker for longs.
Cheers
SH |
8029 broke and Nifty shorted again. When nifty hit 7960, RSI hit oversold zone hence sold 7950PE at 98 to hedge as usual.
Cheers
SH |
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kd_100*26
White Belt
Joined: 05 Jan 2015
Posts: 30
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| Post: #314 Posted: Tue Jun 16, 2015 11:43 am Post subject: |
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| anybody took fresh short position today on 5/34 bearish crossover in Nifty? |
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ajit602
White Belt
Joined: 11 Sep 2012
Posts: 370
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| Post: #315 Posted: Tue Jun 16, 2015 10:07 pm Post subject: |
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| kd_100*26 wrote: | | anybody took fresh short position today on 5/34 bearish crossover in Nifty? |
I did not take. Because I was waiting to go below previous low of 7930. |
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